When Abu Dhabi’s government looked at the future course of the economy’s development, preparatory to publishing the emirate’s long-term master plan, Abu Dhabi Economic Vision 2030, one area they were keen to see expand exponentially was petrochemicals.
Encompassing everything from petrochemicals to food processing and aerospace to automotive parts, Abu Dhabi’s industrial sector has branched out significantly in recent years. Guided by the Abu Dhabi Economic Vision 2030 and the broader 2016 Abu Dhabi Plan, along with its own sector-specific development strategy, industry is now at a key...
Renewed demand for more affordable housing in Abu Dhabi has come about as a downward readjustment of housing allowances has strained rents in the high-end residential sector. Developers are now shifting their strategies to include new mid-market developments. This has enabled double-digit returns on rental yields for some, making the mid-...
As Abu Dhabi accelerates efforts to diversify its economy away from a reliance on hydrocarbons, development of Al Maryah Island has become a top priority for real estate and construction. An international financial free zone and mixed-use real estate development, the island is expected to become a major financial and business district,...
Many of Abu Dhabi’s light and heavy industrial businesses are located in its specialised economic zones (SEZs), which have proven popular because of the range of attractive benefits they offer. Although the benefits may vary from zone to zone, in general they include the possibility of 100% foreign ownership, something not currently possible...
Although it has risen to become a strong contributor to GDP and diversification over the past 15 years, Abu Dhabi’s real estate sector is feeling the pressures of an economic slowdown, brought on by a period of depressed oil prices and spending cuts that have affected markets across every property segment.
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